Western Digital (WDC, Financial) received significant attention following an update from Morgan Stanley. Analyst Joseph Moore has maintained an "Overweight" rating on the stock while raising the price target significantly to USD 70.00 from the previous target of USD 54.00.
This adjustment reflects a 29.63% increase in the price target, indicating a positive outlook for Western Digital (WDC, Financial) in the market. The continued "Overweight" rating suggests that the stock is expected to outperform the average total return of stocks covered by Morgan Stanley.
The date of this revision is May 23, 2025, and it is expected to influence investor sentiment towards Western Digital (WDC, Financial) in the coming days. Investors will be closely watching how this updated analysis impacts the stock's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Western Digital Corp (WDC, Financial) is $57.90 with a high estimate of $80.00 and a low estimate of $40.00. The average target implies an upside of 15.14% from the current price of $50.29. More detailed estimate data can be found on the Western Digital Corp (WDC) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Western Digital Corp's (WDC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Western Digital Corp (WDC, Financial) in one year is $23.19, suggesting a downside of 53.89% from the current price of $50.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Western Digital Corp (WDC) Summary page.
